Arab Bank announced the successful issuance of USD 250 million in Additional Tier 1 (AT1) Capital Securities on October 10, 2023. The milestone marks the first sustainable perpetual AT1 issue in Jordan.
The bond, which was issued through a private placement, is listed on the International Securities Market (ISM) and the Sustainable Bond Market of the London Stock Exchange. The bond, which offers investors an interest rate of 8%, attracted a diverse group of investors, including large institutional and individual investors from Jordan and several other countries where Arab Bank operates.
The issuance is intended to further strengthen the bank’s capital base and diversify its sources of funding, to support its future plans for regional growth and expansion.
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If you are an AT1 Securities Holder and would like to request the documents related to the AT1 Securities, please send an email with your full name to: Investor.relations@Arabbank.com.jo